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Constellation Brands (NYSE: STZ) shares see upward revision in price target post Q1 announcement
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Analysts upgrade Constellation Brands to a ‘Buy’ as the company reported its Q1 FY24 earnings on June 30, 2023. Alongside a rating upgrade, Constellation also saw an upward revision in its price target . The consensus price target on STZ is US$ 271.55, which is 9.73% higher than its closing price on Monday, July 5, 2023.
The mean recommendation rating on Constellation is 2, on a scale of one to five. Here, one represents a ‘Strong Buy’ rating while five represents a ‘Strong Sell’ rating.
Data on Refinitiv suggests that a majority of thirteen analysts have given the stock a ‘Buy’ rating, while five analysts have given it a ‘Strong Buy’ rating. Meanwhile, six analysts recommend holding the stock and none of the analysts have given a ‘Sell’ or ‘Strong Sell’ rating on the stock.
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